KUALA LUMPUR (Jan 8): Straits Energy Resources Bhd has bagged a contract to upgrade Hospital Canselor Tuanku Muhriz, Pusat Perubatan Univerisity Kebangsaan Malaysia for RM40.73 million.

In a bourse filing on Monday, Straits Energy Resources said its indirect 70%-owned subsidiary Straits CommNet Solutions Sdn Bhd (SCS) had accepted the letter of award from Puncabahan Sdn Bhd for the job, which involves adding more space to the hospital, besides upgrading its emergency medical department and carrying out electrical and information and communications technology works, and to provide a smart building system for the hospital.

Puncabahan is the main contractor that has been awarded the project by the Public Works Department. SCS is principally involved in the designing, developing, researching and handling of all types of telecommunications products. It also provides a broad range of network development services.

The job, which started on Monday, is targeted to be completed on Sept 23, 2026, taking 140 weeks.

Straits Energy Resources shares closed up half a sen or 3.85% at 13.5 sen on Monday, bringing the group a market capitalisation of RM134.25 million.